BusinessNew Income Tax Rules Come Into Effect. Details Here In 10 Points
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New Income Tax Rules Come Into Effect. Details Here In 10 Points
Many income tax rules have changed with effect from April 1
Tax on income between Rs. 2.5 lakh and Rs. 5 lakh will get halved to 5%
Individual income between Rs. 50 lakh-1 crore will attract 10% surcharge
The Parliament on Thursday approved the Finance Bill 2017. Starting April 1, 2017, some income tax laws will change. Finance Minister Arun Jaitley had announced a number of income tax changes in Budget 2017. In addition, some amendments were also introduced in the Finance Bill. Aadhaar number will be a must while applying for PAN as well as filing of income tax returns. To curb black money, the limit on cash transactions has been set...